Word: retailer
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Dates: during 1990-1999
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...modesty can be misleading. When Harper arrived in 1974, ConAgra was a nearly bankrupt company involved mainly in grain milling and commodities trading. He embarked on an expansion plan to place ConAgra at every step along "the food chain," as Harper likes to call it, from seed planting to retail sales...
With the U.S. deluged by drugs, the accessory trade has become a multibillion-dollar industry. The profits are high -- a crack pipe that costs 3 cents to produce can retail for $8 -- and the risks of jail are low. Though a 1986 federal statute makes it a felony to import, export or conduct interstate trade in paraphernalia, no federal law bans its manufacture. Moreover, while all states except Alaska have passed laws to control the sale of paraphernalia, the crime is typically a loosely enforced misdemeanor. "These guys simply do not face an equivalent risk for the harm that they...
...retail match made in heaven suddenly crashed to earth last week. Ames Department Stores (fiscal 1989 sales: $3.4 billion) declared bankruptcy under Chapter 11 as the result of lingering complications from its 1988 acquisition of the Zayre chain. Before the merger, the Connecticut-based Ames had been a thriving retailer renowned for its management acuity. When the company bought the 392-store Zayre chain for $800 million, Ames closed many unsuccessful outlets and introduced more national brands. But Zayre's patrons, who were used to periodic deep markdowns, disliked the new Ames policy of everyday low prices. Customer loyalty...
There is less and less for consumers to consume, and people are forced to save the money they cannot spend. At least 165 billion rubles in involuntary savings, the equivalent of six months of retail sales, lies like a deadweight on the economy. The ruble is worth so little that enterprises must barter their output and pay their workers with goods rather than money...
...interviews and features, is getting the biggest push. After eight months of test-marketing, the magazine is poised for a nationwide rollout in June. Unlike most of its predecessors, Persona will be aimed at a mass audience. It will get wide distribution at supermarket check-out stands and other retail outlets. And it will be priced at a low, low $4.95. That is scarcely more than the cost of a blank cassette; Persona's advertising will even point out that the tape can be reused after viewing (as can all prerecorded tapes, with a little tinkering). Reason...